American Integrity Insurance Group, Inc. (AII) vs Heritage Insurance Holdings, Inc. (HRTG)

American Integrity Insurance Group, Inc. and Heritage Insurance Holdings, Inc. are both Insurance Property & Casualty companies. Heritage Insurance Holdings, Inc. is the larger, with a market value of $1.1B against $542.8M — 2.0× the size. Heritage Insurance Holdings, Inc. trades at the lower P/E: 5.1× against 6.1×. American Integrity Insurance Group, Inc. grew revenue faster over the last twelve months: 29.3% against 1.54%. American Integrity Insurance Group, Inc. has the higher net margin (26.9% vs 25.2%) and the lower return on invested capital (292.0% vs 489.1%). Across the 18 metrics below, American Integrity Insurance Group, Inc. leads on 11 and Heritage Insurance Holdings, Inc. on 7.

Valuation

Metric AII HRTG Insurance Property & Casualty median
P/E 6.11 5.08 10.75
P/S 1.60 1.26 1.21
P/B 1.46 1.89 1.99
Price to free cash flow 3.29 3.57 7.76
EV/EBITDA — — —
EV/Sales — — —
Earnings yield 16.37% 19.68% 9.08%
Free cash flow yield 30.39% 28.03% 12.11%

Profitability

Metric AII HRTG Insurance Property & Casualty median
Gross margin 50.53% 45.39% 41.16%
Operating margin 36.21% 34.46% 15.09%
Net margin 26.85% 25.19% 11.51%
Free cash flow margin 48.67% 35.21% 17.46%
Return on equity 26.89% 45.27% 17.34%
Return on assets 5.64% 8.63% 3.74%
Return on invested capital 291.96% 489.08% 12.06%

Growth

Metric AII HRTG Insurance Property & Casualty median
Revenue growth (TTM) 29.28% 1.54% 8.02%
EPS growth (last fiscal year) 83.45% 214.43% 39.61%
Revenue growth, 5-year CAGR — 7.38% 9.23%
Net income growth, 5-year CAGR — 83.79% 10.09%

Health

Metric AII HRTG Insurance Property & Casualty median
Debt to equity 0.00 0.13 0.25
Current ratio 1.00 0.83 0.42
Net debt to EBITDA (2.08) (1.77) 0.08

Dividend

Metric AII HRTG Insurance Property & Casualty median
Dividend yield 3.71% — 1.50%
Payout ratio 0.23 — 0.14

Size

Metric AII HRTG Insurance Property & Casualty median
Market cap 542.79m 1.09b 2.67b

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